The small arms market research report includes the detailed study of the small arms in the defense, commercial, and homeland security sectors. This report provides a detailed analysis, during the next six years. It discusses about the industry, market, and technology trends that are currently prevailing in this market. The market report analysis categorizes the global small arms market on the basis of product, firing systems, mechanism, caliber, application, category, regional, and country analysis. The small market over the next few years is expected to exhibit a robust growth of 4.17% from 2014 to 2020. The small arms market is valued at $4,147.50 million in 2014 and is expected to show a robust growth, reaching $5,299.61 million in 2020, thereby registering a CAGR of 4.17% by 2020.

The study describes the market dynamics with a detailed regional and country wise analysis of the small arms technologies and applications. The technological advancements in improving the small arms functionality, weight, and size are projected to drive the market, in the upcoming years. The U.S. accounts for major market share of the small arms market, in 2014. The U.S., the U.K., Israel, Brazil, France, Belgium, Italy, and Russia are some regions contributing to the manufacture of small arms.

Countries such as China and India in the Asia-Pacific region are proving to be the emerging markets. The report gives insights into regional and technological trends and also provides the market share analyses for major countries. It includes a detailed study of leading companies with respect to their financial analysis, products and services, and key developments; in order to provide an in-depth competitor analysis.

Primary interviews have been conducted with major industry experts to get insights about this industry. The company analysis of key players includes companies such as Strum, Ruger & Co., Inc. (U.S.), Alliant Techsystems, Inc. (U.S.), Smith & Wesson Holding Corporation (U.S.), Freedom Group (U.S.), and Colt Manufacturing Company, LLC (U.S.), among others.

Key Takeaways

The small arms market is expected to show a strong growth during the study period, with the increase in demand for small arms in the civil and commercial sector

The market has been segmented based on products namely pistols, rifles & carbines, and machine guns; based on firing systems namely gas operated, recoil operated, & manual operated; based on mechanism namely automatic, semi-automatic, select fire, & manual; applications such as defense, commercial, & homeland security: based on category such as lethal & non-lethal; based on geography

With the use of small arms for self-defense, sport shooting, hunting, climate & pollution monitoring, border security operations, and military, the demand for small arms is expected to drive this market

The demand for small arms is expected to be triggered by the rising cold wars, territorial disputes and political conflicts

Licensing and regulatory policies and procedural issue for owning and exporting & importing small arms, can be some of the challenges for this market

The non-lethal small arms market will be driven by the innovative technological advancements

The small arms market research report provides the market analysis for small arms (pistols, rifles & carbines, and machine guns) over the next six years (2014 – 2020). It discusses the industry, market, and technology trends that are currently prevailing, in the market. The small arms are categorized on the basis of product, firing systems, mechanism, caliber, application, category, and geography. The small arms market is valued at $4,147.50 million in 2014 and is expected to show a robust growth, reaching $5,299.61 million in 2020, thereby registering a CAGR of 4.17%, till 2020.

The rise in the demand of guns for self-defense and increase in the popularity of shooting sports are among the drivers for the civil & commercial market of small arms, and better technological innovations that have created a demand for the small arms, globally. The demand for small arms has increased in the countries of Latin American, the Middle East and Asia-Pacific region. Licensing and regulatory policies and procedural issue for owning and exporting & importing small arms, is expected to hamper the growth of this market. There is a huge scope for research and development of small arms in increasing their operational efficiency and reducing the weight and size. Investments are being made by the emerging countries for development of small arms to meet the growing demands.

North America accounts for major market share in the small arms market in 2014. Large scale small arms production in the U.S. is expected to continue to influence the share of this region during the forecast period. Moreover, sport shooting and self-defense, is projected to continue to drive the growth of commercial market of small arms.

The APAC region is expected to have the highest growth in the small arms market with China, India, Japan, and South Korea being the prominent markets. The training and simulation for small arms operation and maintenance is expected to expand the scope of this market, globally, during the forecast period. The U.K., Russia, Germany, Italy, Belgium, and France are expected to be the potential suppliers of small arms from the European region

The border conflicts, war like situations and the threats caused by rising terrorism are expected to boost the small arms market for armed forces, across the world. Extensive use of small arms in the commercial, defense, and homeland security sectors is expected to raise the demand, globally. The commercial applications market of small arms is expected to show a strong growth in the coming years. The commercial applications of small arms such as, hunting, sport shooting, self-defense, and private security services would offer great opportunities for growth, in the near future.

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